305 N. Work St., Ellicott, NY 14733

$1,300,000
20
BD
23,215
SqFt

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List Price
$1,300,000
Status
ACTIVE
MLS#
R1695498
Year Built
1938
Stories
2
Bedrooms
20
Acres
1.40
Living Area
23,215
Region
Falconer

Property Description

20-Unit Apartment Complex – Falconer, New York Presenting an exceptional investment opportunity in the heart of Falconer, New York. This well-maintained 20-unit apartment complex offers an income-producing asset in a desirable location with convenient access to shopping, restaurants, schools, parks, and major transportation routes. The property features 18- One bedroom and 2-Two bedroom all electric serviced units, each with its own electric meter, each supplied with stove and refridgerator. Residents enjoy the convenience of two coin operated laundry rooms within the building as well as nearby amenities while benefiting from the quiet, small-town atmosphere that makes Falconer an attractive place to call home. With steady rental demand and proximity to Jamestown, this apartment complex represents an excellent opportunity for both seasoned investors and those looking to expand their multifamily portfolio. The property's size provides economies of scale while offering long-term income potential and opportunities for future value appreciation. Whether you're seeking a turnkey investment or a property with upside potential through strategic improvements, this 20-unit complex is well-positioned to deliver consistent returns. Property Highlights 20 residential apartment units Located in Falconer, NY Convenient access to Jamestown and surrounding communities Close to shopping, dining, schools, and local employers Strong rental demand in an established neighborhood Excellent opportunity for long-term cash flow and portfolio growth Well Maintained!!! This multifamily property combines location, stability, and investment potential, making it a valuable addition to any real estate portfolio.

Additional Information

Taxes
$15,283
Exterior Features
Fence, Gravel Driveway, Private Yard, See Remarks
School District
Falconer
Elementary School
Harvey C Fenner Elementary
Middle School
Falconer Middle
High School
Falconer Middle/High
Water
Connected, Public
Sewer
Connected

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Listing courtesy of Real Estate Advantage. Contact: 716-450-2110